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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Bill Shepherd who wrote (7883)9/11/1998 2:04:00 AM
From: Skeeter Bug  Read Replies (1) of 42834
 
ok, let's get back to business then. i think bob being out of tune has helped to cause this thread to stray. in any case, i have a question. it is one thing to say that the dow and s&p will surge to new highs. it is another altogether to say why.

i see earnings growth slowing. i see a possible global financial meltdown. i see the weakest earnings i've ever seen (accounting gimmicks to exclude too much bank from the ops income). i see very high pes (not to mention a weak "e") relative to historical norms.

this doesn't bode well, imho. what does bob see that i don't. what am i missing that makes me think bob is betting that the pyramiders come back to take this to new highs?

what is his thought process? tia...
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